Agriterra Ltd Market Update - Impact of Cyclone Idai (8059T)

TIDMAGTA

RNS Number : 8059T

Agriterra Ltd

25 March 2019

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

25 March 2019

Agriterra Ltd ('Agriterra' or the 'Company')

Agriterra Ltd / Ticker: AGTA / Index: AIM / Sector: Agriculture

Market Update - Impact of Cyclone Idai

Agriterra Limited, the AIM-quoted African agricultural company whose operations are based in Mozambique advises the market that despite the widespread regional impact of Cyclone Idai, the Company's operations in Chimoio and Tete, Mozambique have not suffered any structural damage and all staff are safe and accounted for.

Power outages impacted milling operations at the Chimoio site for three days but operations have now resumed; separately, the Company's abattoir is also operational.

Executive Chair Caroline Havers commented "We have been extremely fortunate to come through this terrible event relatively unaffected and this is testament to the professionalism of our staff and facilities. We do however recognise that the effects of Cyclone Idai have been significant for many in the region and we will work with our community partners where possible to assist with the recovery process."

** ENDS **

For further information please visit www.agriterra-ltd.com or contact:

 
 Agriterra Ltd                                Strand Hanson Limited 
                                 (Nominated & Financial Adviser and 
                                                            Broker) 
============================  ===================================== 
 Caroline Havers               James Spinney / Ritchie Balmer/ Eric 
                                                              Allan 
 caroline@agriterra-ltd.com                    +44 (0) 207 409 3494

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

UPDCKQDNCBKDPNB

(END) Dow Jones Newswires

March 25, 2019 03:01 ET (07:01 GMT)

Agriterra Ld (LSE:AGTA)
Historical Stock Chart
From May 2024 to Jun 2024